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To better assess past and future performance, revenue figures above and in this document are for ongoing operations and variations are at constant exchange rates except where otherwise noted (see page 2 "Basis of preparation of financial information"). Appendix 3 provides synthesis information for both ongoing and total operations. All figures presented in this press release are unaudited.
AMSTERDAM, April 23, 2014 (GLOBE NEWSWIRE) -- Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announces its revenue for the first quarter of 2014.
First quarter 2014
Ongoing operations (€ in millions)
Payment & Identity
Embedded software & Products
Platforms & Services
Patents & Others
Year-on-year variation at constant exchange rates
Olivier Piou, Chief Executive Officer, commented: "The first quarter of 2014 delivered further revenue growth with different geographical performances: in Asia and North America the activity expansion was rapid, and it grew at a slower pace in Europe and Latin America. Promising market developments and contract wins confirm the conditions for the seasonal acceleration along the year: demand for EMV solutions is rapidly increasing in the US, mobile contactless services are ramping up thanks to simpler, customer-focused go-to-market initiatives, and demand is high in the government market globally. We confirm our outlook for the year and the longer term objectives of our multi-year development plan."
Basis of preparation of financial informationOngoing operations
For a better understanding of the current and future year-on-year evolution of the business, the Company provides revenue from "ongoing operations" for both the 2014 and 2013 reporting periods.